Page 10 - GLNG Week 08 2022

GLNG GLOBAL GLNG

Shell warns of tight LNG market in 2022

PERFORMANCE SHELL said on February 21 it expected the integrated gas, renewables and energy solutions,
global LNG market to remain tight in 2022, after Wael Sawan, commented. “As countries develop
a 6% climb in demand last year. lower-carbon energy systems and pursue net-
In its latest LNG outlook, the oil major said zero emissions goals, focusing on cleaner forms
that growing demand in China and South Korea of gas and decarbonisation measures will help
had driven the increase in consumption last year, LNG to remain a reliable and flexible energy
with China raising its imports by 12mn tonnes source for decades to come.”
to 79mn tonnes, surpassing Japan as the world’s To avoid future price spikes, Shell said a more
largest buyer. Chinese LNG buyers signed long- strategic approach was needed to ensure that gas
term contracts for more than 20mn tonnes per supply remains reliable and flexible in the future.
year (tpy) of supply during 2021. It forecast that an LNG supply-demand gap was
Exports grew last year in spite of various out- expected to emerge in the mid-2020s, stressing
ages, including in Australia and Norway, thanks the need for extra investment to meet rising
to a surge in US deliveries of 24mn tonnes. This demand, particularly in Asia.
means the US is on track to become the world’s Global LNG demand is set to exceed 700mn
largest exporter this year. tpy by 2040, Shell said, representing a 90%
“Last year showed just how crucial gas and increase on the level in 2021. The majority of this
LNG are in providing communities around the growth – 70% – will originate in Asia, as indig-
world with energy they need as they strived to enous production in the area declines, regional
get back on track following the difficulties caused economies grow and LNG replaces higher-emis-
by the COVID-19 pandemic,” Shell’s director for sions energy sources.™

AFRICA

Eiffage finishes all 21 caissons

for FLNG breakwater at GTA field

PROJECTS & EIFFAGE Genie Civil (France) has finished installed, Saipem and Eiffage are due to start
COMPANIES building all 21 of the large caissons that will be building berthing facilities for the FLNG unit, as
used to form a breakwater protecting the floating well as LNG tankers that will offload production
LNG (FLNG) vessel installed at the Greater Tor- from the vessel.
tue/Ahmeyim (GTA) natural gas field offshore GTA is an offshore licence area that strad-
Senegal and Mauritania. dles the maritime border between Mauritania
The French engineering company said in a and Senegal. It was discovered by US-based
statement that it had constructed the 21 caissons Kosmos Energy in 2015 and is believed to hold
in the Senegalese capital of Dakar, using more some 15 trillion cubic feet (425bn cubic metres)
than 130,000 cubic metres of cement from two of natural gas. BP joined the project in 2016,
of its own factories. To date, it said, 16 of the and the two companies made a final investment
units have already been taken out to the field decision (FID) on first-phase production in late
and installed at the future site of the breakwater, 2018.
which is about 10 km distant from the shore. The two companies have said they intend to
More than 1,700 workers participated in use a floating production, storage and off-load-
the construction of the caissons, which weigh ing (FPSO) unit to extract gas from the field.
16,000 tonnes each, Eiffage said. Each of the This vessel will process the gas to remove heavier
units measures 28 metres wide, 32 metres high hydrocarbon fractions before sending remaining
and 55 metres long. volumes to the FLNG unit for liquefaction.
The French company is working together To support the LNG component of the pro-
with Saipem (Italy) to provide engineering, ject, BP and Kosmos have contracted Bermu-
procurement and construction (EPC) services da-registered Golar LNG to convert the Gimi
related to the marine hub and terminal for the LNG tanker into an FLNG vessel with a produc-
LNG component of the GTA project. The part- tion capacity of 2.5mn tonnes per year (tpy). As
ners won the contract from BP, the UK-based of last November, this FLNG unit was reported
operator of the offshore field, in 2019. to be 75% technically complete and slated for
Under that contract, once the caissons are delivery in 2023.™

P10 www. NEWSBASE .com Week 08 25•February•2022